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婉婷 · 2020年12月30日

问一道题:NO.PZ2016031001000021 [ CFA I ]

问题如下:

Which of the following best describes a negative bond covenant? The requirement to:

选项:

A.

insure and maintain assets.

B.

comply with all laws and regulations.

C.

maintain a minimum interest coverage ratio.

解释:

C is correct.

Negative covenants enumerate what issuers are prohibited from doing. Restrictions on debt, including maintaining a minimum interest coverage ratio or a maximum debt usage ratio, are typical examples of negative covenants.

看不懂这道题,求解答
1 个答案

吴昊_品职助教 · 2020年12月31日

同学你好:

这道题考查的是postive和negative covenant。A:确保资产和B:遵守法律条款都属于肯定性条款,而C属于否定性条款。老师上课的时候也强调过,只要是出现比率的,都属于否定性条款。